The Saudi Authority for Accredited Valuers (Taqeem) succeeded in the establishment and the graduation of a promising generation of young qualified Saudis for the practicing of the real estate valuation activity,  according to scientific and well thought out bases,which complete the need of the real estate sector from qualified real estate valuers,instead of the lack of organization that controlled the market in the real estate field previously, because those who practice the profession don’t have the necessary scientific elements for real estate valuation. From this point, the need has emerged lately for the real estate Valuers to run the valuation career professionally in the kingdom, which is spur his excellency to issue the royal decree no. (M / 43) dated 9/7/1433 AH, which decrees establishing the Authority.

Number of Authority’ graduates agreed that they received plentiful information during the last period, which help them to practice their work accurately and skillfully, indicating that the training program doesn’t depend on the technical side only, but also it includes the necessary ethical side in the real estate process, stressing that they will work on applying what they learnt in the Authority to support the real estate sector, and enhancing the package of principles and basics listed in the system.

Market Indicators …

The trainee Ahmad Shalhoub indicates that he submitted to training and intensive courses in the Saudi Authority for Accredited Valuers to get acquainted with many things that might help him in practicing the real estate valuation in the Saudi market,and he says; “although I like this field and I was familiar with it before through my job in many real estate offices and companies, yet the courses were rich and I was acquainted with many various details, which help me to practice the real estate valuation in accurate scientific style, to be able to evaluate the real estate propertyaccording to its market value in the valuation time”, indicating that “the courses which I submitted to dealt with ma ny different subjects,including how to understand the market, know the effective factors and studying the real estate property,which will be evaluated in scientific ways, away from the impressionist and prejudice, and besides using some indicators,that might help me to get additional information, supports me in the real estate valuation process, according to the specifications of location, area,kind of final works and the material used in it, and the market indicators which differs according to time and place.

Carrying Out Rights…

From his side, Ibrahim Al Jehemi – who gains the temporary membership Vof the Saudi Authority for Accredited Valuers to practice the profession – clarifies ;  ” I am so proud that the Authority grants me my self-confidence, specially  when I practice my job as official real estate valuer, because the real estate valuation is not an easy task as most people thought, particularly when it is all related to the money and the rights of citizens, or the financing authorities, like banks or any company working in this field, stressing that ”during courses we learnt the terms of the Charter and ethics of the valuation profession prepared by the Authority,which is keen to be explained to all trainees, to be fully aware of what is to be followed in practicing their activity. He continues: “this Charter includes several clauses, and the valuer should follow it during practicing his job, in order to help him to achieve accurate and identical results with reality, and free of mistakes,which might be harmful to a citizen or a financing authority, and that may result in injustice against party in favour of another party.

Partnerships…

Tareq Al Khalifa  agrees with him,and stressed that the Authority is keen to educate and teach all the trainees during practicing their work, and said: ”from the first day of my joining the Authority’s courses, its administration is keen to organize the market through raising the performance of practitioners of the profession in scientific and accurate ways,and that is the reason behind launching many courses in cooperation with the specialized authorities in the valuation sector, aiming at training the Saudi youths. For example, I remember the course which was held by the Authority with the cooperation of the Royal Institution of Chartered Surveyors (RICS), regarding the expropriation for public utility and temporary seizure of property, and this course lasted for two weeks, during which we learnt the basic rules of the real estate valuation process, that the state intends to expropriate property from citizens for the public utility, and undoubtedly it has a great benefit, specially after the issuance of the executive regulations of the expropriation for public utility and temporary seizure of property system,which is included in the seventh paragraph of article 15, taking into consideration the provisions of the accredited valuers, issued by Royal Decree No. (M / 43) dated 9/7/1433 AH,and required in the specialist members in the valuation committee to be accredited from Saudi Authority for Accredited Valuers.

The registration mechanism…

Saud bin Hosain praised the mechanism of the Authority applied to register the interested people in the courses, and the workshops for getting its membership, which permit them to practice the valuation profession,describing it as easy, and saving time and efforts, and he clarifies: “the Authority facilities the registration process in the training courses, through the creation of special gate for the registration of courses, tests and all activities, through electronic services.It is offered and developed by the Authority,and allows the interested people to get benefit through making their own files”.

He adds: “it is well known to all trainees the good treatment from the Authority, specially when they help us to get information, and to pass courses and tests in easy way, which require us to be as good as we could, and to be the best speakers about the Authority, and about its efforts that were made in training and qualifying, in perfect work, tangible activity and new methods, aiming at reaching the desirable market development.